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a major, new bold investment program, going into a new market, expanding a new technology, ect., you are worried about what the tax rate will be when that's generates cash in nine years. the best thing to do is create a lower rate, an expectation that there's not giant tax increases later. >> i agree with that. i think we should do in, but, a, you know we have the highest statutory right and no higher than average effective rates because we have the narrowest base of owl corporate income in the world. >> yeah. >> one of the reasons we have that system is because people like us argued for many years that the more efficient thing, the more, the better way to encourage investment was not to cut the corporate rate, but to have massively accelerated depreciation, expansion of investment, focusing on incentives rather than cutting the rate overall. i think the intuition is changing, but the way we're going it cut the rate is not by closing loopholes, but come out a painful expansions of the base like getting rid of accelerated depreciation and things which have a value so i think -- >> is
goodness we have more natural gas than the rest of the world combined and it's driven by the technological improvements and a five or ten year technological lead than the countries we're competing with. it's interesting, paul, if you look the at the last three or four years, now what industry has created more than any other industry in the united states. >> paul: the electric car industry, steve? (laughter) >> no, not that one. oil and gas and the thing that's so amazing, the president is doing almost everything he can to try to hold this back with regulations and with not allowi allowing permitting most of the oil and gas development is going out on private land and where the president has to get with the program because we could literally create millions more jobs if we get this story right. >> paul: jim, the consequences here economically are big for downstream production, things like manufacturing. >> right. >> that had left the, i talked to one ceo, dow chemical, who had planned years ago never to build another plant in the united states and now making a 4 billion dollar bet on manuf
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have. >> dana: great american success story in innovation and ingenuity of technology created that is now putting america on a path to become less dependent on foreign sources of energy. that is true on state and private property. not true on the federal land, because they are pecked to death by ducks. every governor is coming up with a different plan. not only if you are an energy company do you teal with the federal government regulations you have the state government regulations that are varying. oil doesn't respect state borders. so on the energy side of thing, a big deal. also on banking and financial regulations. there is one industry that helps. lawyers. they will pore over the regulations. >> andrea: don't you think a lot of people suspect it would happen? it started before the election. they expect that the second term is just an imperialist president. everything will be down on the down low. >> greg: yeah. 68 new regulations a day for 90 days. it's like black mold in your home. you see a little there and come back and it's all over the place. regulations exist to kee
Search Results 0 to 9 of about 10 (some duplicates have been removed)